FIKPX

About FIKPX

Fidelity Advisor Government Income Fund - Class Z is a mutual fund designed to provide investors with a high level of current income while seeking preservation of principal. The fund primarily invests at least 80% of its assets in U.S. government securities, such as Treasury notes, bonds, and government agency mortgage-backed securities. It may also utilize repurchase agreements collateralized by these government securities in its strategy. The fund’s portfolio typically consists of a broad range of debt instruments, offering exposure to both direct government debt and government-related instruments, with nearly 1,900 holdings as of the latest report. It is benchmarked against major U.S. government bond indices, such as the Bloomberg U.S. Government Bond Index, ensuring that its interest rate risk is managed in line with these benchmarks. Fidelity Advisor Government Income Fund - Class Z holds a significant place in the fixed income sector as a vehicle for investors seeking monthly income distributions with a moderate risk profile. Its focus on government-backed securities makes it appealing for those who prioritize capital preservation and predictable income within the U.S. bond market.